Autonomy is self-rule. Stakeholders make the rules.

Since 2016, Decred has striven to solve blockchain governance. Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence.

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Empowering individuals, groups, and companies.

We are community-powered. Stakeholders who participate in Decred’s decision-making are rewarded for their efforts. Sustainable funding and a resilient contractor model allow for anyone to join Decred at any time and engage in its governance. Decred’s value is in the people who work on it - together we’re building the decentralized future we want to see.

“Decred’s killer feature is good governance, and with good governance, you can have any feature you want.”

Decred uses an innovative hybrid proof-of-work (PoW) proof-of-stake (PoS) system to give stakeholders decision-making power about the set of consensus rules to activate. This allows for a seamless transition from one set of rules to another while keeping the existing blockchain ecosystem intact.

Atomic Swaps

Decred does not require reliance on centralized exchanges. With cross-chain atomic swaps between different digital currencies, users can conduct trustless over-the-counter (OTC) trades without a third party.

Politeia

Decred uses a censorship-resistant blockchain-anchored public proposal platform, which empowers users to submit their own projects for self-funding from DCR’s block subsidy. Politeia (Pi) ensures the ecosystem remains sustainable and thrives.

Lightning Network

Decred implements smart contracts that work. Lightning Network (LN) is one such application of a low-latency off-chain system that allows for near-instant micropayments in DCR. With LN, Decred directly competes with existing fiat payment systems.

Cross-platform Wallets

Decred features accessible wallets through graphical user interfaces (GUIs) across all major operating systems (Windows, macOS, and Linux). For more technical users, command line interface (CLI) wallets are also available.

All software developed as part of Decred shall be free andopen source-software.

Incremental Privacy and Security

Privacy and security technology shall be implemented on a continuing and incremental basis, both proactively and on-demand in response to attacks.

Free Speech and Consideration

Everyone has the right to communicate opinions and ideas without fear of censorship. Consideration shall be given to all constructive speech that is based in fact and reason.

Multi-Stakeholder Inclusivity

Inclusivity represents a multi-stakeholder system and an active effort shall be maintained to include a diverse set of views and users.

We’re bound by the following guiding principles.

These principles have been established in an effort to create an equitable and sustainable framework within which to achieve Decred's goal to be an autonomous and decentralized currency where all stakeholders have a real voice.

After a transaction is made, funds will usually clear in about 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. That is, a transfer of 100DCR would incur a fee of about 0.006DCR.

In Proof-of-work (PoW) transactions are grouped into blocks. These blocks are validated by PoW miners. When a block is validated it becomes a permanent part of the Decred network.

You can become a miner by dedicating spare computing resources to the network. In return miners are rewarded with Decred.

For efficiency and convenience you can join mining pools. The pools are groups of miners who share the work and split the reward. Joining a mining pool is an excellent way for smaller contributors to receive consistent payouts for their work.

Unlike PoW, Proof-of-stake mining (PoS) requires little computing resources. Decred funds are used to purchase voting tickets on the network. In every block, five tickets from the pool of live tickets are chosen at random to vote on the validity of the previous block.

PoS adds an extra layer of decentralization to Decred and allows users to vote on suggested network changes. Pools are also available for PoS to ensure your tickets are ready to vote whenever they're called.

Through decentralized processes, people with different ideas, goals, and opinions can help shape the future. You will likely have some questions, so come join our growing community, where you can connect with developers and other users, get information, ask questions, or just hang out. We have a IRC channel, Telegram channel, and Slack channel where you can chat with the developers and other users in real time. Don't forget Twitter and Reddit.
We can't wait to meet you!

Part of the reward from new blocks goes towards the development of Decred to ensure that it will continually evolve to meet the needs and wants of the community now and in the years to come. These are just some of the features planned for 2018 and early 2019: